Methods and apparatus for managing computing resources based on yield management framework
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[0017] The present invention may be described below, at times, in the context of an electronic utility (e-utility) application (by way of example only, a web-hosting center, a computation on-demand facility, etc.). However, it is to be understood that the invention is not limited to use with any particular application but is rather more generally applicable for use in accordance with any application in which it is desirable to provide effective computing resource management.
[0018] Before providing detailed descriptions of the inventive techniques, some terms used herein will be generally defined.
[0019] A “demand,” as generally used in accordance with the invention, refers to an estimate of the likely number of users or requests to the system, and generally depends upon the characteristics of the system. For example, the better the system, the higher the demand.
[0020] A “price” is a characteristic of the system that, as generally used in accordance with the invention, refers to th...
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